The firm that created the well-known Trump memecoin, Fight Fight Fight LLC, is apparently in advanced talks to buy Republic.com’s U.S. division.
A politically charged digital asset issuer and a well-known equity crowdfunding platform may come together in a big way with this possible Trump memecoin acquisition.
These talks were initially reported by Bloomberg, which also mentioned that Republic.com is considering possibilities with other interested parties.
Details of the deal
The announcement of Fight Fight Fight LLC’s interest in Republic.com’s U.S. operations brings to light an intriguing trend, and that is the way memecoin issuers are moving beyond simple speculative trading.
In order to capitalise on the political fervour surrounding President Donald Trump, Fight Fight Fight LLC launched the Trump memecoin.
A strategy shift toward greater legitimacy and utility is suggested by such a move from a memecoin issuer to purchasing a regulated financial platform like Republic.com.
Also Read: Eric Trump Backed American Bitcoin Buys 1,414 BTC, Raising Total Holdings To About 3,865 BTC
In contrast, Republic.com is a well-known crowdfunding site that makes it easier to invest in real estate, companies, and even cryptocurrency projects. In comparison to the sometimes uncontrolled realm of memecoins, its well-established infrastructure and regulatory compliance provide a striking difference.
As a result, this suggested Trump memecoin acquisition offers a special fusion of conventional financial frameworks with disruptive cryptocurrency innovation.
Other developments
Although the arrangement is still in the early stages of development, the corporation expects the fund might reach $1 billion. The memecoin will be collected and stored within the new treasury.
Fight Fight Fight LLC’s operations would be extended beyond the issuing of memecoins into the larger fundraising industry as a result of the possible purchase. The business has been looking into how to incorporate its cryptocurrency into broader financial applications.
A different Trump family-backed cryptocurrency business sent a legal notice to the issuer of the Trump-branded memecoin over an unapproved digital product. In order to acquire and grow token ecosystems, Fight Fight Fight LLC has been concentrating on creating digital asset treasuries.
Donald Trump and his family have faced a lot of criticism for their links with the crypto industry. A Memecoin being associated with the president is not welcomed initially, but now serious deals like these can actually work for the betterment of the memecoin and the company as a whole.